Global News Podcast US announces new tariffs for dozens of countries
41 snips
Aug 1, 2025 
Jonathan Head, the Southeast Asia correspondent for the BBC, shares insights on President Trump's new tariffs affecting over 90 countries. He discusses the potential economic fallout and mixed reactions from international markets, particularly Europe. The conversation also touches on urgent humanitarian issues in Gaza, examining challenges in aid distribution amidst conflict. Additionally, the return of significant Buddhist relics to India highlights cultural heritage complexities, all while the vibrant Edinburgh Festival showcases artistic talent.
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US Tariffs are Less Aggressive Than Feared
- The new US tariffs cover imports from about 70 countries without existing trade deals, mostly coming into effect soon.
- These tariffs are less aggressive than initially threatened, reducing risks to the global economy.
Tariffs’ Economic Impact Is Negative
- Economists generally view tariffs as bad for growth and consumers due to higher prices.
- It's uncertain if tariffs will bring manufacturing jobs back to the US as hoped.
Thailand's Tariff Relief Story
- Thailand secured a reduction in tariff rates from 36% to 19%, a relief for its exporters.
- Despite challenges, Thai businesses expect US customers to maintain loyalty due to economic impracticality of local production.